Home » Regulation » CZ denies WSJ’s report of Trump-Binance deal talks, calls it an ‘assault on Trump and crypto’
Binance’s founder stated it was good to see that the report implied he deserved a pardon.
Key Takeaways
- CZ denied stories of discussions concerning a possible deal involving Trump and Binance.
- CZ instructed the article was an assault on President and crypto, citing residual forces.
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Changpeng “CZ” Zhao has publicly denied the Wall Road Journal’s report suggesting that representatives of President Donald Trump’s household engaged in discussions to acquire a financial stake in Binance.US. He stated that the article was inaccurate, suggesting it was designed to discredit Trump and the crypto sector.
“I’ve had no discussions of a Binance US cope with … properly, anybody,” CZ wrote on X, responding to what he described as widespread inquiries from media retailers.
The previous CEO of Binance stated greater than 20 individuals knowledgeable him they had been contacted by WSJ and one other media outlet asking to substantiate whether or not he “made some deal for a pardon.”
In response to WSJ, Binance reached out to Trump’s allies final yr, proposing a enterprise association as a part of the corporate’s technique to revitalize its US operations. The report additionally acknowledged that CZ is in search of a pardon from the President.
CZ instructed the article gave the impression to be “motivated as an assault on the President and crypto,” including that “residual forces of the “conflict on crypto’ from the final administration are nonetheless at work.”
The crypto alternate’s founder, who faces jail time after pleading responsible to violating US anti-money laundering necessities, famous he was “the one one in US historical past who was ever sentenced to jail for a single BSA cost.”
“No felon would thoughts a pardon,” CZ added, whereas expressing his dedication to creating “crypto nice in all places, US and the remainder of the world.”
CZ beforehand denied rumors that Binance was on the market. Nevertheless, he hinted at the potential of permitting small-scale investments sooner or later.
4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) on the market.
As a shareholder, Binance is just not on the market.
Prime buyers have at all times been considering Binance. Over time, we could enable some investments within the single-digit share vary.
— CZ
BNB (@cz_binance) February 17, 2025
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